#193 – THE LOW BID: WHO’S RISK? – MALCOLM PEART

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Malcom-Peart-pixWe live in a competitive environment and business generates the money that makes the world go round, or at least should do.  Money is the medium of exchange for goods and services and allows society as we know it and the global economy to function.

Those who have money engage those who want money to provide them with products or services and this is done through contracts.  Contracts are awarded at a price that the person who has the money (the Client) is prepared to pay and ‘the winner’ is typically the lowest compliant bid. Continue reading